Hostess moves to liquidate after crippling strike

Credit: Getty Images

OAKLAND, CA - NOVEMBER 16: Striking bakery workers stand near a truck outside of the Interstate Bakeries facility on November 16, 2012 in Oakland, California. Hostess Brands, the maker of Twinkies, Ding Dongs and Wonder Bread, announced plans to liquidate its assets and lay off nearly 18,500 employees due to a workers strike brought on by an imposed contract that would cut workers' wages by 8 percent. (Photo by Justin Sullivan/Getty Images)